Studying at the University of Verona
Here you can find information on the organisational aspects of the Programme, lecture timetables, learning activities and useful contact details for your time at the University, from enrolment to graduation.
Study Plan
This information is intended exclusively for students already enrolled in this course.If you are a new student interested in enrolling, you can find information about the course of study on the course page:
Laurea in Economia e commercio - Enrollment from 2025/2026The Study Plan includes all modules, teaching and learning activities that each student will need to undertake during their time at the University.
Please select your Study Plan based on your enrollment year.
1° Year
| Modules | Credits | TAF | SSD |
|---|
2° Year activated in the A.Y. 2024/2025
| Modules | Credits | TAF | SSD |
|---|
3° Year It will be activated in the A.Y. 2025/2026
| Modules | Credits | TAF | SSD |
|---|
2 modules among the following| Modules | Credits | TAF | SSD |
|---|
| Modules | Credits | TAF | SSD |
|---|
| Modules | Credits | TAF | SSD |
|---|
2 modules among the following| Modules | Credits | TAF | SSD |
|---|
Legend | Type of training activity (TTA)
TAF (Type of Educational Activity) All courses and activities are classified into different types of educational activities, indicated by a letter.
Corporate finance (2024/2025)
Teaching code
4S00495
Academic staff
Coordinator
Credits
9
Language
Italian
Scientific Disciplinary Sector (SSD)
SECS-P/09 - CORPORATE FINANCE
Period
Secondo semestre L dal Feb 17, 2025 al May 30, 2025.
Courses Single
Authorized
Learning objectives
The course aims to provide knowledge for corporate decisions and is mainly divided into two parts. In the first part, in the perspective of non-financial companies, the characteristics of the net present value in capital budgeting decisions, the choices of financial structure, short and medium-long term financing instruments, dividend policy, international trade financial instruments, instruments for hedging financial risks (exchange rate risk and interest rate risk) are presented. In the second part, the Course aims to provide a general overview of the elements characterizing the financial system, by analysing the structure and functions of the markets, the credit intermediation and securities brokerage services. At the end of the course the student is able to apply the knowledge to make business decisions relating to problems of corporate finance, investments and financing.
Prerequisites and basic notions
The course takes place in the second semester of the second year of the degree course in Economics and Business. For a fruitful understanding of the phenomena being studied, the student is required to have knowledge of the fundamentals of Business Economics, accounting and Business Performance.
Program
First part of the program – Financial intermediation (object of the mid-term test)
• Introduction to financial intermediation
• Elements of financial intermediation theory
• European Central Bank, monetary policy and interest rates
• Money markets
• Bond markets
• Stock markets
• Initial Public Offering (IPO), direct listing and Special Purpose Acquisition Companies (SPAC)
• Currency markets
• Derivatives markets
• Banks
• Insurance companies and pension funds
• Asset management companies and mutual funds
• The provision of investment services
The second part aims to provide a basic knowledge about investment and financing policies:
- Cash flow analysis: objectives, meaning and implementation;
- Financial and Operational risk;
- Investment valuation methods: payback period, discounted payback period, net present value, internal rate of return;
- The quantification of the relevant project cash flows and the related cash flow statement;
- The weighted average cost of capital (WACC);
- Portfolio risk and return: the diversification effect;
- The Capital asset pricing model and the Security market line; - The dividend discount model;
- The estimate of the cost of debt;
- The theories of Modigliani Miller without and with taxes;
- Beta levered and unlevered;
- Alternative theories to Modigliani Miller.
Bibliography
Didactic methods
The course includes 8 CFU of lessons and 1 CFU of exercises.
Learning assessment procedures
There is a mid-term test in which the Student may decide to participate. It will focus on the first part of the program concerning financial intermediation. There are no differentiations between attending and non-attending Students.
The mid-term test consists of a written test with 3 questions (open theoretical questions and exercises). The duration of the test is two hours. The minimum mark for passing the mid-term test is 18/30. Compared to the final grade, the result achieved in the mid-term test will have a weight of 50%. The Student may decide, if she or he deems it appropriate, to refuse the grade of the mid-term test. The relative communication must be made to the email address lorenzo.faccincani@univr.it by 8.00 am on the day before the first appeal of the June-July 2025 session. In case of refusal of the grade of the mid-term test, the student must, of course, take the exam on the entire program.
On the elearning platform, the text of the mid-term test and the solutions of the related exercises will be made available immediately after the test has been held.
The second part of the exame - corporate finance - consists of a written text with theoric questions and exercises.
The complete exam includes 5 questions in total, of which 2 and a half refer to the first part and 2 and a half relating to the second part (time available: 2 hours).
Evaluation criteria
Written examination
Criteria for the composition of the final grade
From 0 to 30
Exam language
Italiano
